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AIZ Company Profile

Assurant- (AIZ)-provides specialized insurance products and related services. The company operates in four segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits. The company was founded in 1969 and is based in New York, New York.

Assurant, Inc. News

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Assurant Acquires Field Asset Services for $55M (AIZ)

Oct 1, 2013

Insurance company Assurant, Inc. (AIZ) announced on Tuesday that it has agreed to acquire Field Asset Services from FirstService Corporation for $55 million.
The purchase of Field Asset Services will allow Assurant to significantly expand its field services business and will broaden its exposure to the property preservation, restoration and inspection services business. The transaction, which was closed on Monday, is expected to affect earnings in 2014.
Gene Mergelmeyer, president and CEO of Assurant Specialty Property, commented: "This acquisition leverages Assurant's resources and relationships with lending institutions, and builds on Field Asset Services' strong operating platform and vendor network."
"Together, as leaders in the property preservation industry, we will play an increasing role in maintaining healthy, stable neighborhoods in communities nationwide."
Assurant shares were mostly flat during pre-market trading Tuesday. The stock is up 56% YTD.

The Bottom Line

Shares of Assurant, Inc. (AIZ) have a 1.85% yield based on Monday's closing price of $54.10.
Assurant, Inc. (AIZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Due to its current valuation and a $51 price target, analysts at Bank of American Merrill Lynch downgraded insurance provider Assurant, Inc. (AIZ) on Wednesday.
The analysts downgraded AIZ from "Neutral" to "Underperform." The $51 price target suggests a slight downside to the stock's Tuesday closing price of $51.31.
Assurant shares were inactive during pre-market trading on Wednesday. The stock is up 47.87% year-to-date.
The Bottom Line
Shares of Assurant (AIZ) have a dividend yield of 1.95% based on last night's closing price of $51.31 and the company's annualized dividend payout of $1.00 per share.
Assurant, Inc. (AIZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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*** All dividend payout and date information on this website is for information purposes only. We do not guarantee the accuracy of any dividend dates or payout amounts. Always check with your broker first before purchasing any security.